Multiple Choice
Eighteen years from now, 4 years of college are expected to cost $150,000. How much more must be deposited into an account today to fund this expense if you could only earn 8% rather than the 11% you had hoped to earn on your savings?
A) $12,211.18
B) $13,609.21
C) $14,006.41
D) $14,614.03
Correct Answer:
Verified
Correct Answer:
Verified
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